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USDINR Futures Extend Winning Streak

Published on Aug 02, 2023 16:36

USDINR futures on the NSE extended winning streak on Wednesday as dollar stayed firm near its crucial 102 mark even as it alternated under the level through the day. The greenback was pressured after Fitch downgraded the United States of America`s Long-Term Foreign-Currency Issuer Default Rating (IDR) to `AA+` from `AAA`. The pair on the NSE futures settled for the day at 82.65, up 0.4% on the day. Meanwhile, in the spot market, the domestic unit opened at 82.38 against the dollar and finally ended the day at 82.60 (provisional), registering a fall of 38 paise from its previous close amid muted domestic equities and elevated crude oil prices.

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